Tag: Personal
-
Will RBI follow up on November action on personal loans?
As on October 20, personal loan growth stood at 30 percent, with credit card outstanding and other personal loans up 28 percent and 25 percent, respectively. Could the Reserve Bank of India (RBI) be mulling over more restrictions to curb the growth in personal loans? There is an expectation in some quarters that the Indian…
-
Comprehending GST Implications for Personal Loan Prepayment Penalties and Associated Costs
In the realm of financial turbulence, personal loans emerge as beacons of salvation. Yet, the introduction of the Goods and Services Tax (GST) has cast its profound shadow upon the landscape of interest rates associated with these loans. With GST’s advent, a cascade of alterations has unfurled across the tapestry of personal lending, intricately weaving…